Equity Analysis /
India

IN : Auto & Parts - Overall - 4QFY22F results preview

    CGS-CIMB
    12 April 2022
    Published byCGS-CIMB

    Semiconductor shortage easing and market share gains for segment leaders helped sales recovery in 4QFY22. Resumption of commodity price hikes and supply chain problems due to the Russia- Ukraine war to impact qoq profits of 2W makers like Bajaj Auto & TVS. Nifty Auto index P/E valuation easing to mean level leads to our preference for auto-makers over component-makers.